Niva Bupa Stock Market Listing :The stock of private health insurance company Niva Bupa Health Insurance Company has been listed in the stock market today on 14 November 2024. The company’s entry into the stock market has been positive. Niva Bupa’s shares were listed on BSE at Rs 78.50, while the IPO price was Rs 74 per share. In this context, the share has given 6 percent return on listing. The question is what strategy should investors make in the shares after listing. Can this be a profitable deal in the long run? Brokerage houses are positive about the outlook of the company.
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Investors did not give much price
The IPO of Niva Bupa Health Insurance did not receive a very encouraging response from investors. This IPO was filled only 1.90 times overall. In this, 35 percent share was reserved for retail investors and it was filled a total of 2.88 times. In this, 50 percent share was reserved for qualified institutional buyers and it was filled 2.17 times. Whereas 15 percent share was reserved for non-institutional investors and it was filled 0.71 times.
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Mehta Equities: Opinion on Niva Bupa
Brokerage house Mehta Equities says the IPO of Niva Bupa Health Insurance Company offers investors an opportunity to invest in one of India’s fastest growing standalone health insurers with a strong product portfolio, strategic innovation and digital advancements. The company has shown substantial growth, with assets under management and net premiums growing by 62.2% and 43.1% in FY24, respectively, with profits growing to Rs 81.85 crore in FY24 compared to Rs 12.25 crore in FY23. Has gone. There was 552.7% growth in this.
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The brokerage has listed 5 positive factors related to the company.
1. Granular retail health insurer with a focus on delivering strong GWP growth, capital efficiency and profitability
2. Diverse product suite for customers, backed by a track record of product innovation
3. Technology based automated approach to customer service
4. Access to a “360-degree” health and wellness ecosystem platform provides a holistic health proposition to customers.
5. Bupa parentage and brands related to health insurance and health care
Anand Rathi: Opinion on Niva Bupa
Brokerage house Anand Rathi says the company offers a diverse range of products to clients, bolstered by a strong track record in product innovation. Their health insurance offerings are designed to meet the needs of customers at every stage of life.
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Niva Bupa Health Insurance Financial
The profit of Niva Bupa Health Insurance in the financial year 2024 was Rs 81.85 crore. Whereas in the financial year 2023, the net profit of the company was Rs 12.5 crore. However, during this period the operating profit declined from Rs 350.9 crore to Rs 188 crore.
The company has reported a loss of Rs 18.8 crore for the quarter ending June 2024, which is less than the loss of Rs 72.2 crore in the year-ago period. Its operating profit was Rs 23.2 crore, which was less than the operating loss of Rs 13.4 crore.
(Disclaimer: The view or advice on the share or company is given by the brokerage house. These are not the personal views of Financial Express. There are risks in the market, so take expert opinion before investing.)
